Turquoise Hill Resources (STU:IHM1) Debt-to-Equity : 0.45 (As of Sep. 2022)

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What is Turquoise Hill Resources Debt-to-Equity?

Turquoise Hill Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was €723 Mil. Turquoise Hill Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was €3,467 Mil. Turquoise Hill Resources's Total Stockholders Equity for the quarter that ended in Sep. 2022 was €9,249 Mil. Turquoise Hill Resources's debt to equity for the quarter that ended in Sep. 2022 was 0.45.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Turquoise Hill Resources's Debt-to-Equity or its related term are showing as below:

STU:IHM1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.32 Max: 2.05
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Turquoise Hill Resources was 2.05. The lowest was 0.00. And the median was 0.32.

STU:IHM1's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs STU:IHM1: 0.45

Turquoise Hill Resources Debt-to-Equity Historical Data

The historical data trend for Turquoise Hill Resources's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Turquoise Hill Resources Debt-to-Equity Chart

Turquoise Hill Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.47

0.45

0.46

0.44

0.41

Turquoise Hill Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.41	0.46	0.46	0.45

Competitive Comparison of Turquoise Hill Resources's Debt-to-Equity

For the Copper subindustry, Turquoise Hill Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Turquoise Hill Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Turquoise Hill Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Turquoise Hill Resources's Debt-to-Equity falls into.

Turquoise Hill Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Turquoise Hill Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(351.718	+	3350.042)	/	8939.87
	=	0.41

Turquoise Hill Resources's Debt to Equity Ratio for the quarter that ended in Sep. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(723.161	+	3467.436)	/	9248.814
	=	0.45

Turquoise Hill Resources (STU:IHM1) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Turquoise Hill Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Turquoise Hill Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Turquoise Hill Resources (STU:IHM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Turquoise Hill Resources Ltd (STU:IHM1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Place Ville-Marie, Suite 3680, Montreal, QC, CAN, H3B 3P2

Website

https://www.turquoisehill.com

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border.

Turquoise Hill Resources (STU:IHM1) Headlines

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